Streetbeat News

Acquisitions Mergers

NRG

Gamut Capital Management has signed a definitive agreement to acquire Airtron Heating & Air Conditioning from NRG Energy. Financial terms were not disclosed. Airtron is a major HVAC system provider in the US, covering 13 metropolitan areas.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:12 pm

LODE

Comstock Inc. (NYSE: LODE) has secured a $325 million term sheet from SBC Commerce LLC (SBCC) for investments and real estate sales. SBCC will acquire 100% of Comstock's industrial and commercial real estate and water rights in Nevada for $50 million. The funds will be used to eliminate debt, develop advanced technologies, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:19 pm

GVP

GSE Systems shares are trading higher following the announcement that the company will be acquired by Pelican Energy Partners for $4.10 per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:15 pm

GVP

GSE Solutions (NASDAQ:GVP) will be acquired by Pelican Energy Partners for $4.10 per share in an all-cash transaction, representing a 50% premium to GSE's closing share price as of August 7, 2024. The deal is expected to close in Q3 or Q4 of 2024, pending shareholder approval and other conditions.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:05 pm

SIEB

Siebert Financial has acquired Gebbia Entertainment, marking its expansion into the music, entertainment, and media sectors. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:04 pm

SOUN

SoundHound AI has acquired Amelia, enhancing its position as a leading provider of voice and conversational AI across various industries such as retail, financial services, healthcare, and automotive. The acquisition also brings new customer service contracts from multinational clients.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:01 pm

MRCC

SOUN

SoundHound AI (NASDAQ:SOUN) has acquired Amelia, an enterprise AI software company, for $80 million. This acquisition expands SoundHound's reach into new verticals such as healthcare, financial services, and retail, and brings new partnerships and cross-selling opportunities. Amelia, backed by BuildGroup and Monroe Capital (NASDAQ:MRCC), will now enter the publicly accessible market. The combined company is expected to generate $150 million in revenue by 2025.

Portfolio Pulse from Stjepan Kalinic

August 08, 2024 | 1:00 pm

HLI

Houlihan Lokey (HLI) is set to acquire Waller Helms Advisors, which will double the size of its Financial Services Group and enhance its coverage in the insurance and wealth management sectors. The deal is expected to close by December 31, 2024, with terms not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:37 pm

AXP

MRMD

MariMed reported a 10.7% QoQ revenue growth for Q2 2024, reaching $40.4 million. The company also appointed Mario Pinho as the new CFO and closed the acquisition of Allgreens Dispensary in Illinois. Despite a net loss of $1.64 million, MariMed remains confident in achieving its 2024 financial targets.

Portfolio Pulse from Nina Zdinjak

August 08, 2024 | 12:07 pm

ICON

Icon Energy has announced the acquisition of a Kamsarmax dry bulk carrier for $17.57 million. The purchase will be financed through cash on hand and a new senior secured facility.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:00 pm